Sharplink gaming (Sbet)the nasdaq -noted ether (Eth) The Treasury company led by Ethereum co-founder Joe Lubin said it bought 143,593 ETH through last week, which brought the total holdings over $ 3 billion.
To finance the purchases, Sharplink raised $ 537 million in net proceeds during the week ending August 15. The company secured $ 390 million through a registered direct offer that closed August 11 and an additional $ 146.5 million through its market issuing program.
The company reported an average ETH purchase price of $ 4,648 for last week’s acquisitions. It is approx. 8% higher than the current price of the asset, after the crypto market slid over the past few days, with ETH that fell below $ 4,300.
From Sunday, Sharplink 740,760 ETH held a value of $ 3.18 billion at current prices.
The Minneapolis-based company has been pursuing an aggressive digital asset contact strategy since its end of May turns, and collects money to accumulate ETH and insert tokens in exchange for rewards. Yet its acquisition of Tempo -stier Competitor Bitmine Immersion Technologies (BMNR)Which has more than 1.5 million tokens, about twice as many as Sharplink.
The company said it still had more than $ 84 million in cash to implement for future ETH purchases.
Read more: Bitmine Immersions Ether Holdings Top $ 6.6b, stock slides 7% next to ETH’s tumble
